Dime Community Bancshares Inc (NASDAQ: DCOM) has reported E.P.S. of $0.43 for its second fiscal quarter (ending June 30) versus $0.66 for the same period a year ago — a decline of -35%. Relative to the consensus estimate of $0.38, this was a premium of $0.05. For the latest four quarters through June 30, E.P.S. were $1.55 compared to $3.55 a year ago — a decline of -56%.
Recent Price Action
Dime Community Bancshares Inc (NASDAQ: DCOM) stock enjoyed a large increase of 3.7% on 7/23/24. The stock closed at $24.74. Moreover, exceptionally high trading volume at 315% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 7.2% during the last week.
Current PriceTarget Research Rating
DCOM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Dime Community Bancshares has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Dime Community Bancshares has a slightly positive Appreciation Score of 70 but a poor Power Rating of 19, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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